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Starting your child on the right financial path

By VerityCU March 23, 2021 Financial education

Responsibility, goal-setting and independence. Youth accounts may just seem like a place to set aside money for your child, but they can teach valuable life skills, too!

Children who build healthy financial habits from an early age are more likely to carry those habits into adulthood. Plus, when you establish accounts for your child, those accounts will grow with them and when they turn 18, they will already have a relationship with Verity.

Youth savings accounts are available for kids from 0-17. This interest-bearing account is a great way to set aside money for your child, and as they get older, you can deposit their allowance or spending money directly into the account. With our annual activity reimbursement, your kid can get up to $40 a year for participating in extracurricular activities like music or sports.

Teenagers (14 and up) are eligible to open a youth checking account, which comes with a debit card. It is a nice option to introduce some financial independence while still remaining connected to the account to monitor spending.

For a limited time, use code YOUTH25 to open a youth savings account and get $25.* In the market for both a youth savings and youth checking account? Open both at once using code YOUTH50 and we’ll deposit $50!*

Existing Verity members are invited to open youth accounts online. Not a member yet? Youth accounts can also be opened in branch by appointment. Learn more about youth accounts and how they can benefit your child at veritycu.com/youth

 

**Note: Effective 5/7/21, the YOUTH25 and YOUTH50 offers are no longer available.**

*Youth membership must be opened by a parent or guardian who is an existing member of Verity Credit Union, and parent/guardian is required to be joint owner of youth account. Proof of parent/guardianship required to fully open membership. Valid Social Security Number is required for the child. $25 incentive only for new youth memberships and does not count towards annual activity reimbursement. Additional $25 incentive only for new youth checking accounts—limit one youth checking account per child. Incentive payout will be deposited within 2 weeks of account opening. New member cannot have been the owner of a Youth Prime Share account within the previous 6 months. Cannot be combined with any other new member incentive. Limited time offer and subject to change at any time.